Mumbai, July 25: Global IT services and consulting provider Tech Mahindra on Thursday reported a 1.2 per cent decrease in revenue for the April-June quarter (year-on-year) at Rs 13,005 crore. On a quarterly basis, the revenue went up 1 per cent for the IT company.
The consolidated PAT was at Rs 851 crore, up 23 per cent (YoY), for Q1 FY25, while EBITDA reached Rs 1,564 crore, up 16.9 per cent YoY. The company reported total headcount at 147,620, down 677 annually, for the June quarter. Tech Mahindra’s stock closed marginally up at Rs 1,540 apiece on Thursday. “It is encouraging to see positive momentum in most industry verticals which has led to revenue growth and margin expansion in an otherwise seasonally weak quarter.